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Punjab And Sind Bank Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Punjab And Sind Bank Chandigarh Chandigarh Chandigarh

Bank
State
District
City
Branch
Address

MICR Code	160023022
Bank	Punjab And Sind Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Rstc Sec 8 Chandighar
Contact	0171-5070063, 2779808
Bank Details	Punjab And Sind Bank Rstc Sec 8 Chandighar PSIB0000856

Location	Chandigarh, Chandigarh
City	Chandigarh
District	Chandigarh
State	Chandigarh
Pincode	160009
Country	IN
Address	Kothi no. 8, sector - 8, chandigarh-160009

Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 160023022 for Rstc Sec 8 Chandighar branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 160023022 of Punjab Sind Bank, Rstc Sec 8 Chandighar branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for Rstc Sec 8 Chandighar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 23 branches of Punjab And Sind Bank are available with micr code -

MICR code for Punjab And Sind Bank Rstc Sec 8 Chandighar

Punjab And Sind Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Punjab Sind Bank MICR code for Rstc Sec 8 Chandighar is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 160023022 is the MICR code of PSB Bank for Rstc Sec 8 Chandighar branch. MICR code for Rstc Sec 8 Chandighar branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Punjab Sind Bank Rstc Sec 8 Chandighar is presented in the table alongside.

Use of Punjab Sind Bank MICR code for Rstc Sec 8 Chandighar branch in chandigarh

The MICR code 160023022 is used in RBI cheque clearing process to identify the branch Rstc Sec 8 Chandighar and Punjab Sind Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of PSB Bank is typically in either of these two font’s: E-138 and CMC-7.